TRX starts to drop (short-term analysis)
TRX has been struggling to hold the current support around $0.05. However, in LTH the sign of selling pressure can be seen now.
In 1H TF, prices already broke the ascending channel. Retest may happen but the down side will continue, probably.
A referenced Short set-up is as in chart with TPs (in blue) and SL (in red).
On 2D TF, one can see better the down trend will resume very soon because MFI and OBV broken down their trendlines and were rejected (see the below screen-shot)
TRXUST trade ideas
TRXUSDT - Long Position Looking at the chart we can see a double bullish divergence pattern on the RSI and the MACD.
For the entry wait until the price has reached the entry point shown in the chart.
We expect for the price to go up and hit the targets.
All the details are shown on the chart.
Goodluck
TRX : Price Just Tested A Very Strong Weekly Support ZoneTRX: Price Just Tested A Very Strong Weekly Support Zone
After the price moved down like all the cryptocurrencies now we can see a small
pause from the previous week.
The support area near 0.046500 is pushing the price up again.
I am looking for the price to rise further during the coming weeks considering
that 0.046500 didn't let the price decrease more.
Targets:
🎯 0.058441
🎯 0.065252
🎯 0.070451
Thank you and Good Luck!
TRXUSD LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
double X vortexgreat balls of crossing vortexes .
MA cross isnt accurate by itself and tends to flip flop too much untill the asset makes a price break. The vo4tex just vap8day4s it that way not to buy too soon or sell too soon and go back the other way.
Tue two vortexes idea is so you can input two separate time variables. Which seems to makeit pretty dang accurate.Double vortexes along with the MA Cross seems to be about 95% accurate and the other 5% it adjists for it pretty quickly. The other 5% is only when trading pair volume is low or large gap between buy and sell trades.. i have tested it and used it and fine tuned it over the past 8 months for my manual trades. It also does well on any timeframe with my settings. I just need to now make it live and automated.
Its very simple to use and read(if your not color blind, that is)
Just pick and timeframe depending on how long you plan on sitting
there or how often you plan on checking it to make a trade every min, 5,15,30min,1hr,2,4,8hr,1day,or once a week.,.
Then just wait for the green lines to cross the red lines
Dont make a trade untill both charts
green lines cross up above red lines to buy.
Or
both green lines cross down below red lines to sell.
(advice: dont make trade when vortex lines at thier peak.unless you have some inside info or a good hunch to do otherwise.)
Good luck
if anyone out there like to use this, and can possibly help me.I would be extremely grateful.
I would like to figure out how to make visible cross when green line on one vortex crosses the red line of the other vortex.
After that i could use some help making that into an alert when both charrts green lines have crossed up and only after both have crossed the red lines down as the other alert.
Thank you for reading ,Enjoy ,;^j d°_•°b ¶<% ¶^& 8>D ({|})
TRXUSDT Bullish short-term but still limited.*** ***
For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange .
*** ***
The idea is on the 1D time-frame where TRX has been trading within the Support Zone of the Bear Cycle (0.04460 - 0.05100) ever since the FTX crash. On the bright side it appears that it has found Support and since June 22, every time (4 times in total) it has done so within this Zone, it rebounded aggressively. The obvious limitation is the Lower Highs trend-line that started on the November 15 2021 High, which even though it broke on Nov 05, the price quickly fell below it again, remaining the strongest Resistance right now. Interestingly enough, this is where the 1D MA50 (blue trend-line) is at the moment.
The 1D MA200 (orange trend-line) has been intact since August 18 and after that, the key to a strong rally is the 0.07250 Symmetrical Resistance which has multiple rejections under its belt since January 17 2022.
A bullish signal is the fact that the 1D RSI hit and rebounded within its 23.50 - 30.00 Support Zone, which every time it got hit, initiated a strong rally. As a result, even though a short-term rebound is possible if the market conditions help, it is still limited to the 1D MA50 and the November 15 Lower Highs trend-line. In order for us to call a confirmed buy extension on TRXUSDT , we want to see a candle closing above the 1D MA200 or preferably the 0.07250 Symmetrical Resistance, which can then target with high probabilities the upper Fibonacci levels towards the 0.0930 Resistance that was previously a Double Top (May 09 and June 01 2022).
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🔥 TRX: 1.5 Year Bearish Triangle For Patient TradersOver the course of the last ~1.5 years, TRX has been forming a massive bearish triangle pattern. Bearish triangles classically break bearish, so that's what we're going to look at today.
Be aware that this is a trade for the patient trader. Wait for the break of the lowest purple support before scouting an entry.
Since the support has been holding for so long, a break of said support can lead to a massive sell-off because of all the stop-losses below it. Targets in blue.
Tron TRX - 51% crash very soon!
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive!
The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave.
This chart indicates that more blood is coming for the crypto market. It's possible!
I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position.
If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not.
But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon!
For more ideas, hit "Like" and "Follow"!
TrxUsdtTron rdy for break Triangle
can break this triangle big move can happen
remember Tron cant pump like others but remember this blockchain usfull
all watch ETH but u know more transaction on this blockchain after more years and low fee
so this can save
u can sy this cant reech u but cant say like luna or FTT destroyed
GL
EntryPoint:
0.04904
0.04348
Supports:
0.03855
0.03249
0.02611
Resistances:
0.05691
0.05765
Targets:
0.06696
0.07558
0.08531
Mid Time:
0.10136
0.12624
HODL:
0.16687
0.19300
0.23792
GL
TRONmageddon- not much to say, with BTC confirming a downside breakout it is more than likely all alts follow
- unlike some, TRX hasn´t fallen too much so there is still time to position yourself short as the R:R is still favourable, SL slightly above the neckline of the descending triangle makes sense
- looking for at least a 50% drop